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Source: Internal Revenue Service Kansas lost a net total of 9,490 residents to surrounding states Kansas Net Resident Migration Number of People

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What is in HB Eliminate non-wage income for PIT 2.Reduce income on the first $30,000 for married & $15,000 for individuals from 3.5% to 3.0%. 3.Eliminate the 6.25% rate and reduce the 6.45% on income over $30,000 for married & $15,000 for individuals to 4.9% 4.Increase the standard deduction from $4500 to $9000 for single head of household filers and from $6000 to $9000 for married filing jointly 5.Eliminates the two year exemption on oil severance taxes for wells over 50 BBLs per day 6.Sale tax of.6 expires in July Keeps EITC & food sales tax credit but you must choose which one to retain 8.Keeps all Schedule A deductions

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Effect of the new tax bill 1.14 to 24 percent state income tax rate cut for all Kansans 2.Over two years (FY13-14), Kansans will keep $1.5 billion more in their pockets to save, spend, and invest ($1.1 billion in income tax; $385.5 million in sales tax) 3.Projected dynamic impact through FY 2020 o 22,900 new jobs on top of normal growth o $2 billion more disposable income on top of normal growth o 35,740 increase in population on top of normal growth